MARKET EYE-SGX Nifty gains; banking reforms, IIP on watch
* Nifty futures on the Singapore Exchange up 0.28 percent. The MSCI-Asia Pacific index excluding Japan also gains 0.46 percent. * Asian shares rose as strong overnight performances in global equities and firmer economic sentiment in Germany buoyed sentiment, while the dollar was pressured ahead of the outcome of the U.S. Federal Reserve's policy meeting later in the day. * Foreign investors bought 13.09 billion rupees of stocks, while domestic institutions sold stocks of 10.28 billion rupees on Tuesday, when the BSE index fell 0.12 percent. * Traders are keeping a close watch on developments pertaining to the banking reform bill. * October industrial output and November retail inflation key data points ahead of RBI's meet on Dec. 18. (email@example.com /; firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow